How to Cut Startup Cybersecurity Costs: 6 Things Must Do

It isn’t written down, but cybersecurity is a must and an essential part of any business or organization in today’s data-driven world. Investing in cybersecurity is necessary to protect the entity’s digital assets; not investing in cybersecurity could cost the entity a lot of money or stop it from working if its digital assets are stolen. It can be costly for any new company to build and maintain cybersecurity frameworks and measures if they aren’t well thought out.

Cybersecurity Costs

However, this can be a massive problem for any new company. This is because these measures need to be stable and be put in place quickly, so this is why. In this case, it is not unusual for the startup to have trouble getting the funds it needs for cybersecurity measures in its ecosystem. This may also be caused by security integrations that aren’t planned and regular security updates to fix bugs that have been found. As a startup, this cannot be good for you because you may not have enough money to start your business.

There are a lot of cybersecurity costs that startups have to deal with. In this case, some of them are direct costs, and some are indirect costs. Direct prices can include money stolen, fines, public relations and legal fees, systems repair and remediation, identity theft repairs, insurance premiums, and many more things. You might lose intellectual property, lose clients or customers, lose business downtime, have business operations disrupted, or damage your company’s reputation. These are all indirect costs, and they can add up quickly.

6 Cybersecurity Must-Dos for Every Startup

One of the best ways to keep the budget and costs in check is to ensure that the proper cybersecurity practices are approved and implemented. In addition, having the correct methods in place will help the startup protect its digital assets and support the startup avoid and lessen the chances of losing money and being attacked by cybercriminals.

Backups

Backups are an essential part of protecting a business in the event of an attack. You should think about backups if you choose between security products and backups. As someone who works for a cybersecurity company, I want to say that you should think seriously about backups.

Cybersecurity Awareness

The best way to avoid and reduce cyber-attacks is to know what to look for. Make sure you set up the technology correctly, and it would be better if you were sure about it. Another thing you could do to protect yourself and your application from social engineering attacks would be to learn about fundamental flaws and attack methods.

Simplify Vulnerability Alerts

People who look in your back doors don’t always mean harm. Sometimes, a white-hat cybersecurity expert finds essential flaws in your app while using it or doing simple tests. If a cybersecurity expert finds a flaw, you need to make it easier for them to tell you about it. Otherwise, no one would bother to report a flaw for you to fix, even if it was free.

Monitor

Keep an eye on your application’s bugs all the time, especially the ones that are important. It is essential to record all of your permissions and database bugs. This will make it easier for you to both help people and find problems much faster, so it will be easier for you to do both. Remember that cyber attackers scan everything that can be found on the internet all the time. Suppose you have a weakness. You would want to know about it before anyone else does.

Vulnerability Scanning

A vulnerability scan is an automated process that looks for flaws in an application, network, and security system before they happen. Cybersecurity experts can do this with the help of automated tools.

A startup may spend money on vulnerability scanning, part of the penetration testing process, to find flaws and make sure they are fixed so that the system doesn’t get hacked. Vulnerability scanning should be done regularly when there are significant changes.

Penetration Testing

Penetration testing is a controlled attack on an application or infrastructure based on a simulation. It is done to find out how safe an organization or business is. Penetration testing should be done on your organization or company once a year or every six months.

To help a startup learn how to deal with attackers and see if the security policies they have in place are working, they should do penetration testing.

Estimates of Costs

Here are the cost estimates for the different cybersecurity actions that a startup can do. Each platform, tool, expert, and type of project will have a different price, so that these estimates will be other.

Backups

Take this step if your startup doesn’t offer you the best level of privacy. You can use the cloud storage services that Google, Yandex, and Apple give away for free to keep your files safe. These tools also make it easier for people to work together on a file and share it.

However, don’t forget to back up your essential data offline. Even though it’s not very likely that you’ll lose any data when you use these vast services, there is a chance that you’ll have trouble getting in because of a variety of reasons.

If you want to back up a codebase, Github or Bitbucket should be enough for you at first. For $5–10 a month, you can rent a server from Gitlab. It comes with a one-click installation for a second step. It doesn’t matter what kind of online cloud service you use. Make sure you have backup services on.

Cost of Backups: 0$

Cybersecurity Awareness

It’s essential to keep an eye on the types of flaws in your systems, especially third-party software because they’re often not paid attention to. If you don’t keep your security up to date for a long time, you could have a lot of trouble. You can find out about flaws in the technologies you use by going to the research website. To ensure the technology you are using is safe, you should search for “making secure” and “hardening tips.” Also, you can follow the blogs below to learn more about the most current attack methods and new flaws.

  • https://danielmiessler.com/
  • https://securityforeveryone.com/blog
  • https://www.zdnet.com/blog/security/
  • https://www.schneier.com/

There are also a lot of great cybersecurity groups on Reddit. It might be easier for you to join many of them and see what’s going on now.

Cost of Cybersecurity Awareness: 0$

Simplify Vulnerability Alerts

There is a proposal for a standard that would let websites set security policies to make it easier for people to report problems. You can tell your users how and where to say to you if they find a flaw by adding a security.txt file. Making a “hall of fame” page might make you more likely to get security alerts.

Create a section in the contact form or support page so that users can tell you about bugs in your app. This will make it easier for them to do this.

Cost of Vulnerability Feedback: 0$

Monitor

As soon as there is a problem with your queries, for example, you should put a flag on them. You also need to keep track of different user agents in your access logs. By setting up a simple task, you can send the most critical problems in your application and your logs (HTTP 500 error code could be an example, but even that is subject to change according to application). It would be effortless to find out if there was a problem quickly if you had error logs that you could get every day.

For big data, you can use services like https://logz.io/ or https://www.loggly.com/ to keep track of your logs for free, but these services don’t keep logs for long on their free plans.

Also, you can use cloud services to set up elastic search, as well. But if you don’t know what you’re doing, this could cost a lot of money and be dangerous.

Cost of Monitoring: $0 for small-size, $25 – $100 for small packages of logging services.

Vulnerability Scanning

Startups are no exception. Even if you have a small team and are short on money, you still need to ensure your software is safe. We know that taking action will cost money, but experts say this is a good safety measure to avoid more significant losses in the future.

You can find a lot of different tools for scanning for flaws on the internet.

  • Acunetix – SaaS that checks for more than 7000 web flaws. $4500 for the year; $7000 for one to five assets.
  • Netsparker – SaaS that contains and crawls for web vulnerabilities, like bugs. Call them and find out the fee. However, it will cost more than Acunetix.
  • Burp Suite Pro – SaaS crawls and checks web vulnerabilities for people who know how to use it. $399 a year for each person to use.
  • Nessus – SaaS that contains both system and web flaws. $3390/year.

Free Options:

  • Nmap NSE Scripts
  • S4E-Equality.
  • Openvas.
  • Nuclei.
  • Zed Attack Proxy.

There are many professional tools, but free ones would be enough for most people’s needs. One might find a flaw that the other didn’t.

Cost of Vulnerability Scanning: 0$

Penetration Testing

Security tests have automatic and manual steps, but vulnerability scanning is done automatically. As part of the tests, they’ll act like real hackers to try to get into your app. A group of cybersecurity experts known as “white-hat hackers” will carry out the security tests. They will help you find the flaws in your start app. up’s

It is more thorough than vulnerability scanning, but it takes a lot of time. So, it can’t be free. However, you can get in touch with the companies that offer penetration testing services below for your startup.

  • securityforeveryone.com – Performs tests on mobile and web apps. As a new business, you can ask for a discount at the start.
  • redscan.com – Web, mobile, and network penetration testing and a wireless network, social engineering, and firewall configurations are done by this person.
  • pentest-tools.com – He holds nine different certifications, and he only does web application penetration testing.
  • netspi.com – Web, mobile, network, and cloud penetration testing is done. They get people’s attention by having a test as a service feature.
  • secureworks.com – Performs web, mobile, API, and red team tests, as well as scenario-based tests and red team tests.
  • cobalt.io – Penetration tests are done for the web, mobile, desktop, API, and external networks.

Conclusion

Security is not an option for any new business, and the company needs to stay open. Most of the devices and platforms have known flaws, so hackers always have the upper hand in offensive security, so it’s essential to start investing in defensive security from the start to keep them safe. Also, if a startup doesn’t have a cybersecurity response team in place, they should think about hiring someone else.

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